Do firms share their success with workers? The response of wages to product market conditions

被引：23

作者：

Estevao, M ^{[1
]}

Tevlin, S ^{[1
]}

机构：

[1] Int Monetary Fund, Washington, DC 20431 USA

来源：

ECONOMICA | 2003年 / 70卷 / 280期

关键词：

D O I：

10.1046/j.0013-0427.2003.01059.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We provide new evidence that industry financial conditions help determine wages in the US manufacturing sector. Ordinary least squares estimates of the effect of rents per worker on wages are significantly positive, but quite small. We show that this may stein from econometric difficulties that plague the OLS estimates. Using the US input-output tables to isolate demand shocks, we overcome these issues and identify the effects of the industry financial situation on wages. Our IV estimates reveal substantial rent sharing-much more than is consistent with a purely competitive labour market.

引用

页码：597 / 617

页数：21

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